CBA is the dominant provider of data to financial institutions in Singapore. It is also the only provider in Cambodia and Myanmar.
DBS Group Research has initiated coverage of Credit Bureau Asia (SGX:TCU
) with a ‘hold’ call and $1.02 target price.
CBA, described as a leading player in credit and risk information solutions market (CRIS) in Southeast Asia, is seen to be a beneficiary to Asean’s greater financial inclusion and the rise of digital banks, backed by a defensive business model.
